Dongshan Precision (002384.SZ) plans to invest no more than 5.935 billion yuan in Solus Optoelectronics's business layout in the field of optical communications

Zhitong Finance App News, Dongshan Precision (002384.SZ) announced that its wholly-owned subsidiary Chaoyi Group (Hong Kong) Co., Ltd. (“Hong Kong Chaoyi”) plans to acquire 100% of Source Photonics Holdings (Cayman) Limited (hereinafter referred to as “Solus Optoelectronics” or “target company”) and the company subscribes to its convertible bonds, of which the purchase consideration for 100% of Solus Optoelectronics's shares does not exceed US$629 million; Solus Optoelectronics ESOP (Employee) Stock Option Program, an employee option incentive plan, included in this acquisition plan) The equity acquisition price does not exceed US$58 million; in order to support Sols' Optoelectronics's business development needs and repay the convertible bonds subscribed to by Wantong Development, the company plans to subscribe for no more than 1 billion yuan of convertible bonds from target companies. The total amount of the above investments did not exceed RMB 5.935 billion. After the transaction is completed, Hong Kong Chaoyi will hold 100% of Solus Optoelectronics's shares, and Solus Optoelectronics will become a wholly-owned subsidiary of the company.

After the transaction is completed, the company will add an optical communications business segment. Solstice Optoelectronics will be included in the scope of the company's consolidated statements to help the company achieve diversified business development, further enhance the company's comprehensive strength and market position in the electronic information industry, and help enhance the company's overall profitability and shareholder returns.